SAFE & GREEN HOLDINGS CORP (SGBX) Stock Technical Analysis
NASDAQ:SGBX - Nasdaq - US78418A6047 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to SGBX. In the past year, SGBX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, SGBX is a bad performer in the overall market: 72% of all stocks are doing better.
SGBX is one of the lesser performing stocks in the Construction & Engineering industry. 64% of 52 stocks in the same industry do better.
SGBX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
SGBX has an average volume of 4653280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SGBX has a been trading in the 0.40 - 1.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
SGBX has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.45
1.26
We found 2 important support areas.
- A support zone ranging from 0.78 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.45 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.25 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for SGBX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGBX is up. |
| ChartMill Relative Strength | 28.97 | NEGATIVE | SGBX has a low relative strength, it was outperformed by 71.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGBX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGBX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SGBX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.67 | NEUTRAL | The RSI value for SGBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SGBX has a negative trend. |
| Stochastics (14,3) | 38.05 | NEUTRAL | The Stochastics value for SGBX is a neutral value. |
| Average True Range in percent/ATR (20) | 25.57 | HIGH VOLATILITY | The high ATR as a percentage value for SGBX suggests high volalility. |
| Average Directional Index/ADX (14) | 45.83 | POSITIVE | The high ADX value value for SGBX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.8037
-0.04 (-4.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-4.57%
1 Week-33.02%
2 Weeks45.33%
1 Month43.49%
3 Month64.32%
6 Month78.6%
12 Month-72.57%
2 Year-95.77%
3 Year-97.58%
5 Year-98.49%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%25.57%
ATR Inc-69.95%
Range Today0.1
ADR(20)0.18
ADR(20)%22.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.97
Mansfield-1.97
10 Day High1.5
10 Day Low0.77
20 Day High1.5
20 Day Low0.4
52 Week High3.75
52 Week Low0.3
CS1 End0.79
CR1 Start1.25
Volume & EV
DER(3)-2.05%
DER(5)-5.24%
Volume290.80K
Volume Incr-94.51%
Vol(5)615.96K
Vol(50)4.65M